Federal Agricultural Mortgage Corporation $AGM Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,123 shares of the credit services provider’s stock after purchasing an additional 398 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Federal Agricultural Mortgage worth $2,836,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AGM. Ameriprise Financial Inc. acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at about $357,000. Cetera Investment Advisers boosted its position in shares of Federal Agricultural Mortgage by 5.0% during the 4th quarter. Cetera Investment Advisers now owns 2,626 shares of the credit services provider’s stock valued at $517,000 after acquiring an additional 125 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Federal Agricultural Mortgage during the 4th quarter valued at about $237,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Federal Agricultural Mortgage by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,202 shares of the credit services provider’s stock valued at $1,025,000 after acquiring an additional 198 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Federal Agricultural Mortgage by 38.5% during the 4th quarter. Millennium Management LLC now owns 31,630 shares of the credit services provider’s stock valued at $6,230,000 after acquiring an additional 8,791 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Federal Agricultural Mortgage from $215.00 to $217.00 and gave the company a “market perform” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $217.00.

Insider Buying and Selling

In related news, EVP Zachary Carpenter sold 293 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $205.09, for a total transaction of $60,091.37. Following the sale, the executive vice president directly owned 10,532 shares in the company, valued at approximately $2,160,007.88. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory Ramsey sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $206.71, for a total transaction of $310,065.00. Following the sale, the insider owned 3,085 shares in the company, valued at $637,700.35. The trade was a 32.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,017 shares of company stock worth $1,240,807. Company insiders own 2.21% of the company’s stock.

Federal Agricultural Mortgage Stock Down 2.4%

Shares of NYSE:AGM opened at $186.60 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market capitalization of $2.04 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01. The firm’s 50-day moving average is $188.22 and its two-hundred day moving average is $187.24. Federal Agricultural Mortgage Corporation has a 1 year low of $159.64 and a 1 year high of $217.14.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Thursday, August 7th. The credit services provider reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.03. The company had revenue of $100.51 million for the quarter, compared to analyst estimates of $96.54 million. Federal Agricultural Mortgage had a net margin of 13.14% and a return on equity of 18.86%. Analysts predict that Federal Agricultural Mortgage Corporation will post 17.6 EPS for the current year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, September 15th. Federal Agricultural Mortgage’s dividend payout ratio is presently 35.34%.

Federal Agricultural Mortgage Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.